Arbroath, it won't do any good. The announcement already said, come what may, the management can issue enough shares to the Chinese till they have 60% of company. In fact, the more of us who rejects, the cheaper it will be for the consortium because the company would then issue them the shares at 53 cents. Here is that part of the announcement:
"The Consortium may subscribe for up to an additional 188.7 million shares in Gold One at A$0.53, should the
initial subscription by the Consortium and acceptances of the A$0.55 per Gold One share cash offer not
result in the Consortium achieving an aggregate interest of 60% in Gold One?s ordinary share capital in issue
on a fully diluted basis."
The only thing for us is another predator stepping in with a higher offer. And that is very unlikely because the Chinese are master strategic player. They already hold a chunk of shares plus they got management on their side. I am certainly not selling for now. Hopefully another suitor step up to the plate to complicate matter for them.
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